Asian markets slightly gained throughout the night off the back off Janet Yellen’s comments earlier in the evening which followed on from the gains that were seen on Wall Street, clawing back its losses for the past three consecutive sessions. Google reported disappointing Q1 earnings after the closing bell last night as a 29% increase in costs left the internet giant missing revenue estimations.
US stocks gained 1% during its session yesterday as Janet Yellen spoke out regarding keeping interest rates low, even potentially beyond its bond-purchasing programme.
The short week has seen global stocks recover slightly from last week’s dramatic sell off as a week of slightly upbeat economic data lifted sentiment. Investors will be awaiting todays USD unemployment claims and Philly Fed Manufacturing Index, both released at 13:30 and 15:00 respectively.